Structural Analysis of the Causes and Consequences of Global Crises (Using the Example of G7 Countries)

   The relevance of the study is due to the need to find effective public policy tools to overcome the negative consequences of the pandemic at the stage of post-crisis recovery of the economies of the world.
   The purpose of this study is to identify the factors contributing to the development of the deepest global crises and recessions over the period 1990-2021, as well as to assess the practical experience of the G7 countries' response to different types of crises and substantiate indicators for monitoring the implementation of the state's stabilizing policy. 
   The objectives of the study include assessing the degree of coincidence of the dynamics of changes in the main economic factors of autonomous expenditures with the dynamics of real GDP in the long term in the G7 countries; identification of problematic areas of the stabilizing macroeconomic policy to ensure long-term economic growth in the economies of the developed G-7 countries; justification of optimal economic indicators of the stabilizing policy in the economies of the developed G7 countries during crises and recessions.
   Methodology. Research methods: method of analysis of scientific sources, economic and statistical analysis, graphical method, comparative analysis, systematic approach.
   Results. It is revealed that the crises of 2008-2009 and the crisis of 2020-2021 caused by the COVID-19 pandemic became the most severe for the world economy in the 21st century. The problematic areas of the stabilizing macroeconomic policy to ensure long-term economic growth in the economies of developed countries have been identified. It is proved that the G7 countries use monetary and fiscal measures to influence the economy, as well as use a mixed combination with a high proportion of unconditional payments.
   Conclusion. The analysis allowed the authors to systematize the factors and consequences of global economic crises, as well as to justify which public policy measures are more effective at the stage of post-crisis recovery, as well as in overcoming future recessions.

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